SSKEX vs. VEMIX
SSKEX (State Street Emerging Markets Equity Index Fund) and VEMIX (Vanguard Emerging Markets Stock Index Fund Institutional Shares) are both Emerging Markets Equities funds. Over the past 10 years, SSKEX returned 8.59%/yr vs 7.61%/yr for VEMIX. Their correlation of 0.90 means they have usually moved in the same direction. SSKEX charges 0.17%/yr vs 0.06%/yr for VEMIX.
Performance
SSKEX vs. VEMIX - Performance Comparison
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Returns By Period
In the year-to-date period, SSKEX achieves a 17.04% return, which is significantly higher than VEMIX's 7.82% return. Over the past 10 years, SSKEX has outperformed VEMIX with an annualized return of 8.59%, while VEMIX has yielded a comparatively lower 7.61% annualized return.
SSKEX
- 1D
- 3.80%
- 1M
- -4.28%
- 6M
- 7.52%
- YTD
- 17.04%
- 1Y
- 35.41%
- 3Y*
- 18.10%
- 5Y*
- 7.28%
- 10Y*
- 8.59%
- ALL TIME*
- 9.67%
VEMIX
- 1D
- 1.70%
- 1M
- -1.72%
- 6M
- 2.68%
- YTD
- 7.82%
- 1Y
- 19.98%
- 3Y*
- 13.72%
- 5Y*
- 5.81%
- 10Y*
- 7.61%
- ALL TIME*
- 7.24%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $0.00 | $0.00 | $0.00 |
SSKEX vs. VEMIX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SSKEX State Street Emerging Markets Equity Index Fund | 17.04% | 33.79% | 7.00% | 9.50% | -20.23% | -2.80% | 18.20% | 18.16% | -14.78% | 37.18% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 7.82% | 24.80% | 11.38% | 8.85% | -17.75% | 0.91% | 15.26% | 20.35% | -14.55% | 31.42% |
Correlation
The correlation between SSKEX and VEMIX is 0.79, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.79 |
Correlation (3Y) Balances recent behavior with more history. | 0.84 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.87 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.90 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.90 |
The correlation between SSKEX and VEMIX shifts across timeframes, from 0.79 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SSKEX vs. VEMIX — Risk / Return Rank
SSKEX
VEMIX
SSKEX vs. VEMIX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street Emerging Markets Equity Index Fund (SSKEX) and Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SSKEX | VEMIX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.21 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.35 | 1.66 | +0.69 |
| Martin ratioReturn relative to average drawdown | 7.62 | 5.53 | +2.09 |
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Drawdowns
SSKEX vs. VEMIX - Drawdown Comparison
The maximum SSKEX drawdown since its inception was -39.23%, smaller than the maximum VEMIX drawdown of -66.43%. Use the drawdown chart below to compare losses from any high point for SSKEX and VEMIX.
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Drawdown Indicators
| SSKEX | VEMIX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.23% | -66.43% | +27.20% |
Max Drawdown (1Y)Largest decline over 1 year | -13.74% | -11.05% | -2.69% |
Max Drawdown (3Y)Largest decline over 3 years | -16.09% | -15.77% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | -34.55% | -30.68% | -3.87% |
Max Drawdown (10Y)Largest decline over 10 years | -39.23% | -36.04% | -3.19% |
Current DrawdownCurrent decline from peak | -10.46% | -5.42% | -5.04% |
Average DrawdownAverage peak-to-trough decline | -13.16% | -15.91% | +2.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.31% | +0.92% |
Volatility
SSKEX vs. VEMIX - Volatility Comparison
State Street Emerging Markets Equity Index Fund (SSKEX) has a higher volatility of 8.23% compared to Vanguard Emerging Markets Stock Index Fund Institutional Shares (VEMIX) at 5.22%. This indicates that SSKEX's price experiences larger fluctuations and is considered to be riskier than VEMIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SSKEX | VEMIX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.23% | 5.22% | +3.01% |
Volatility (6M)Calculated over the trailing 6-month period | 18.96% | 13.82% | +5.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.90% | 16.00% | +4.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.34% | 15.59% | +1.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.64% | 16.50% | +1.14% |
SSKEX vs. VEMIX - Expense Ratio Comparison
SSKEX has a 0.17% expense ratio, which is higher than VEMIX's 0.06% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SSKEX vs. VEMIX - Dividend Comparison
SSKEX's dividend yield for the trailing twelve months is around 2.44%, more than VEMIX's 2.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SSKEX State Street Emerging Markets Equity Index Fund | 2.44% | 2.85% | 2.90% | 3.26% | 3.90% | 1.95% | 1.84% | 2.84% | 3.01% | 2.55% | 2.29% | 0.00% |
VEMIX Vanguard Emerging Markets Stock Index Fund Institutional Shares | 2.38% | 2.77% | 3.17% | 3.51% | 4.09% | 2.61% | 1.90% | 3.23% | 2.89% | 2.33% | 2.55% | 2.51% |
Frequently Asked Questions
SSKEX and VEMIX have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SSKEX has higher volatility (8.23%) compared to VEMIX (5.22%). In terms of maximum drawdown, SSKEX dropped -39.23% vs VEMIX's -66.43%.
SSKEX currently has the higher Sharpe Ratio (1.54 vs 1.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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